Due to the Complexity and Diversity of Foreign Markets,firms Sometimes

question 96

Multiple Choice

Due to the complexity and diversity of foreign markets,firms sometimes hesitate to seek export opportunities.These firms can best overcome ignorance by

• A)shortening production runs.
• B)creating revenue.
• C)outsourcing decisions.
• D)collecting information.
• E)lowering unit costs.

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Definitions:

Receiver

A party appointed by a court or creditors to manage, protect, and preserve the assets and operations of a company in bankruptcy or legal distress.

Solvent

The state of being able to meet all financial obligations, possessing assets that exceed liabilities.

Improperly Made

Refers to items or products that have been constructed or produced in a manner that fails to meet the required or expected standards.

Breach of Contract

The failure to perform as stated in a contract without a legitimate legal excuse.